! Required information P10-11 (Algo) Recording and Reporting a Bond Issued at a Premium (with Premium Account) LO10-5 [The following information applies to the questions displayed below) Serotta Corporation is planning to issue bonds with a face value of $430,000 and a coupon rate of 8 percent. The bonds mature in two years and pay interest quarterly every March 31, June 30. September 30, and December 31. All of the bonds were sold on January 1 of this year. Serotta uses the effective interest amortization method and also uses a premium account. Assume an annual market rate of Interest of 4 percent. (FV of $1. PV of $1. EVA of $1, and PVA of $i) (Use the appropriate factor(s) from the tables provided.) P10-11 Part 3 3. What bonds payable amount will Serotta report on this year's December 31 balance sheet? (Round your final answers to nearest whole dollar amount.) Bonds Payable